ITC Service secures BGF investment to drive growth

ITC Service, an IT managed services provider, has secured a £7 million investment from BGF.

Founded in 2016, by Christopher Potts and Peter Anderson, the Hebburn-based company delivers customer-focused, business-critical outsourced IT services to more than 400 SMEs across the North East of England. Services include managed IT support, cyber security, Microsoft 365 cloud services, voice, communication, consulting and digital transformation.

The funding from BGF will allow the business to continue scaling, through a combination of organic growth and the acquisition of complementary providers in neighbouring regions.

Commenting on the deal, Christopher Potts, ITC Founder and Director, said: “Over the last 18 years, we have built a highly successful, respected business that has developed a strong and valued client base. With the ongoing support of my co-founder Peter, I am excited to lead ITC forward, to continue to grow and support our region, to help more local businesses achieve their goals, and complete a carefully executed M&A strategy.

“In order to fulfil this potential, we need an investment partner that is willing to take a long-term approach to support our growth ambitions. With an excellent track record of backing exciting and dynamic businesses in the North East, we are confident BGF is the right choice and we’re delighted to have the team onboard.”

The deal was led by John Healey and Christian Pollard, investors in BGF’s Newcastle team. As part of the investment, Lee Shorten will join ITC’s board as non-executive chair.